FitLife Brands FY2023 revenue up 83% to $52.7M; net income $5.3M (+20%)

FITLIFE BRANDS, INC.

Revenue $52.7M vs $28.8M prior year; online sales surged 309% to $33.4M (63% of total).
Net income $5.3M, up 20%; adjusted EBITDA $10.2M, up 52%.
Debt reduced to $16.5M after $3.6M in Q1 2024 payments; net debt $13.5M as of March 28.
Preliminary Q1 2024: first two months revenue ~$11M; MRC returned to growth with 30% lower ad spend.
MusclePharm re-launching Combat Sport protein bar in Q2 2024; previously sold 25M+ bars/year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FITLIFE BRANDS, INC. reported fiscal year ended December 31, 2023 results: net income $5.3 million.

Period: fiscal year ended December 31, 2023
Net income: $5.3 million
Result: reported results

Exact text from the filing

Total revenue was $52.7 million, an increase of 83% compared to $28.8 million in the prior year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FITLIFE BRANDS, INC. reported fiscal year ended December 31, 2023 results: net income $5.3 million.

Period: fiscal year ended December 31, 2023
Net income: $5.3 million
Result: reported results

Exact text from the filing

● Net income increased 20% to $5.3 million. ● Adjusted EBITDA increased 52% to $10.2 million. ● The Company ended the year with $20.1 million debt and $1.9 million of cash.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FITLIFE BRANDS, INC. reported fourth quarter ended December 31, 2023 results: net income $1.5 million.

Period: fourth quarter ended December 31, 2023
Net income: $1.5 million
Result: reported results

Exact text from the filing

Total revenue for the fourth quarter was $13.3 million, an increase of 148% compared to the same period in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FITLIFE BRANDS, INC. reported fourth quarter ended December 31, 2023 results: net income $1.5 million.

Period: fourth quarter ended December 31, 2023
Net income: $1.5 million
Result: reported results

Exact text from the filing

Net income for the fourth quarter of 2023 increased 140% to $1.5 million.

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FITLIFE BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-010094

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